Auditing April 6, 2026
AI is Co-Writing End-of-Month Financial Reporting. Here’s What that Means for Auditors
In many organizations, AI is becoming embedded in core accounting workflows during the end-of-month process.
Accounting January 23, 2023
New Approaches to Audits Gain Ground
With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play.
Accounting January 18, 2023
The Parallel Problems of Public Accounting & Major League Baseball
After reading former MLB manager Joe Maddon’s recent book, The Book of Joe – cowritten with Tom Verducci –it struck me: The plight of the public accounting industry is not unlike that of Major League Baseball.
Accounting January 17, 2023
The Impact of New Lease Standards on Debt Covenants
Debt covenants are restrictions that lenders such as banks and other creditors include in their lending agreements to limit the borrower’s actions.
Accounting January 16, 2023
Changes Seen in Audit Committee Composition Amid Expanded Scope and Emerging Risks
Corporate boards are taking a fresh look at their audit committee structures and practices in light of emerging corporate reporting areas and increased risks...
Accounting January 11, 2023
Paul Munter to Take Over as SEC Chief Accountant
Munter, who joined the SEC in 2019, has served as acting chief accountant since January 2021.
Firm Management January 10, 2023
RSM US Unveils 2023 Class of 109 New Partners and Principals
This year’s class of new partners and principals at RSM is larger than last year’s class of 88.
Accounting January 9, 2023
SEC Charges Ex-McDonald’s CEO with Making False Statements About Termination
Stephen Easterbrook was fined $400,000 and barred from holding corporate officer or director roles for five years.
Auditing January 5, 2023
PCAOB Looks to Modernize Rules for Confirmations
Proposal would replace an interim standard that has not changed substantially since 2003.
Firm Management December 28, 2022
KPMG’s 2022 Global Revenue Topped Out at $34.6 Billion
The Big Four firm had steady growth across all regions during its FY 2022, as well as all of its core service lines.
Accounting December 19, 2022
2023 GAAP Financial Reporting Taxonomy is Now Available, FASB Says
The 2023 GAAP Financial Reporting Taxonomy is expected to be accepted as final by the SEC in early 2023.
Accounting December 18, 2022
PCAOB Granted Authority to Inspect Chinese Audit Firms
"This historic and unprecedented access was only possible because of the leverage Congress created by passing the Holding Foreign Companies Accountable Act," Williams said.
Accounting December 10, 2022
Analytics and Data Evaluation for Everyone
One of the more interesting areas for new offerings in accounting technology has been the emergence of toolsets to automate the analysis of data sets. Whether we’re learning about end user tools for accounting firms like InformationActive’s Active ...